Totals
- Total revenue
- $326,198
- Total expenses
- $229,746
- Contributions and grants received
- $230,953
- Grants paid
- $210,000
- Program service revenue
- $0
- Investment income
- $78
- Other revenue
- $95,167
- Total assets, end of year
- $538,972
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $538,972
- Program services expenses (Part IX)
- $228,299
- Management and general expenses
- $1,447
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $228,299
Program services were 99.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$230,953
-
3 · Investment income
total $78 · related or exempt $78
-
8a · Fundraising events: gross income
$151,618
-
8b · Fundraising events: direct expenses
$94,077
-
8c · Net income from fundraising events
total $57,541 · excluded $57,541
-
10a · Gross sales of inventory
$64,557
-
10b · Cost of goods sold
$26,931
-
10c · Net income from sales of inventory
total $37,626 · related or exempt $37,626
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $210,000 · program services $210,000
-
11b · Fees: legal
total $1,447 · management and general $1,447
-
11g · Fees: other
total $10,136 · program services $10,136
-
24a · Other expenses: CREDIT CARD FEES
total $8,163 · program services $8,163
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $442,532 · end of year $538,972
-
10a · Land, buildings and equipment: cost or other basis
$14,931
-
10b · Land, buildings and equipment: accumulated depreciation
$14,931
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $442,532 · end of year $538,972
Mission and programs · 2023
Mission
THE MISSION OF THE PARENTS ASSOCIATION IS TO ENHANCE THE ACADEMIC AND PERSONAL GROWTH OF SOMERSET SOUTH MIAMI STUDENTS THROUGH A PARTNERSHIP BETWEEN THE PARENTS AND THE CHARTER SCHOOL.
Activities or mission (Part I)
THE MISSION OF THE SOMI VIP INC IS TO ENHANCE THE ACADEMIC AND PERSONAL GROWTH OF SOUTH MIAMI STUDENTS THROUGH A PARTNERSHIP BETWEEN THE PARENTS AND THE SCHOOL.
-
SOMI VIP INC PROVIDES SUPPORT TO SOMERSET SOUTH MIAMI CHARTER SCHOOL TO ENCHANCE AND MAXIMIZE THE EDUCATION EXPERIENCE FOR EVERY CHILD ENROLLED.
Expenses $228,299 · Grants $210,000
As filed on the 2023 return.
Listed in Part VII
-
Danica MelendezDANICA MELENDEZ
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Monica SchinkerMONICA SCHINKER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Amanda PortasAMANDA PORTAS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Maritza DiazMARITZA DIAZ
TREASURER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$210,000
TO PROVIDE FINANCIAL SUPPORT TO SOMERSET ACADEMY SOUTH MIAMI.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531359349305073
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